News about SOUTH KOREA

News about South Korea

Apple removes 14 crypto exchange apps from App Store for South Korea

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South Korea Halts CBDC Phase 2 Testing Amid Stablecoin Surge and Uncertainty

Key Takeaways: South Korea’s central bank has paused its second phase of CBDC (central bank digital currency) testing. The decision was influenced by banks’ financial concerns and the ongoing push for stablecoin regulation. Korean financial institut...

South Korea Suspends Digital Won Project amid Stablecoin Push

South Korea’s central bank has halted its digital currency testing project, raising doubts about the country’s central bank digital currency (CBDC) plans. As reported by Bloomberg, the Bank of Korea (BoK) told the participating banks that it has deci...

World Vision first nonprofit to trade crypto in South Korea after ban lifted

World Vision cashed out nearly $1,500 worth of Ether received in a campaign in March that asked Upbit users to donate to help kids who can’t affor...

South Korea crypto industry to win no matter snap election outcome

South Korea’s leading presidential candidates have both promised to legalize spot crypto ETFs, ease current regulations and launch a won-backed st...

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in So...

South Korea’s Largest Crypto Exchange Upbit to List Nexpace: New Token from MapleStory Universe Set to Make Waves

Key Takeaways: Upbit to list Nexpace (NXPC) with KRW, BTC, and USDT trading pairs. NXPC is the native token of Henesys L1, the mainnet powering Nexon’s MapleStory Universe. Trading limitations and compliance rules will apply, including Avalanche-onl...

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs - Cointelegraph

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs& & Cointelegraph

South Korea’s Democratic Party sets up ‘Digital Asset Committee’

South Korea’s new Digital Asset Committee joins similar initiatives such as the Virtual Asset Committee launched in late 2024 by the Financial Ser...

Six-Figure Bitcoin Rally Triggers Rare Price Inversion in South Korea - Bitcoin.com News

Six-Figure Bitcoin Rally Triggers Rare Price Inversion in South Korea& & Bitcoin.com News

Six-Figure Bitcoin Rally Triggers Rare Price Inversion in South Korea

Over the past 24 hours, bitcoin has drifted between $103,133 and $104,841, while South Korea’s notorious premium quietly inverted, dipping into discount territory for several days this month. Bitcoin’s Comeback Inverts South Korea Premium to 0.76% Be...

ASEAN, China, Japan, and South Korea Stand Against Trump’s Protectionism

ASEAN, the Association of Southeast Asian Nations, along with China, Japan, and South Korea, criticized the escalation of protectionism in a joint statement. The group called for enhanced regional unity to address the uncertainty arising from the imp...

RedotPay enters South Korea with crypto-powered payment cards

RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions...

South Korea presidential front-runner pledges to approve Bitcoin ETFs - Cointelegraph

South Korea presidential front-runner pledges to approve Bitcoin ETFs& & Cointelegraph

South Korea presidential front-runner pledges to approve Bitcoin ETFs

Korean presidential candidate Lee Jae-myung has vowed to make Korea more crypto-friendly and allow spot crypto ETFs if elected next month....

Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June

Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts of interest and minimize m...

KuCoin Eyes South Korea Comeback After Regulatory Setback

Despite being pushed out of the South Korean market earlier this year, crypto exchange KuCoin isn’t ready to give up on the region. The platform's newly appointed CEO, BC Wong, has made it clear that a return is not only possible but planned, though...

KuCoin to reenter South Korea after securing key markets: CEO

KuCoin CEO BC Wong told Cointelegraph that some regulators might be using regulation to drive away global players and pave the way for domestic tr...

South Korean crypto emerges from failed coup into crackdown season

A surprise, botched coup kept South Korean regulators busy at the end of 2024, but when the dust settled, financial watchdogs awoke....

BTC Bull Token to 100x Alongside Panama & South Korea’s Plans for Crypto Payment Adoption

Panama City is to become the first-ever municipality in Panama to accept digital assets for service transactions. The capital city (that’s already cherished as a banking hub) is reportedly gearing up to launch a new payment system. It’ll conver...

14 Crypto Exchanges Banned from Apple Store in South Korea’s Crackdown

Key Takeaways: Apple’s App Store removed 14 unregistered crypto exchange apps in South Korea. Platforms including KuCoin and MEXC were barred for not registering with local authorities. Regulators say the move aims to prevent money laundering and pr...

South Korea Blocks Apps of Crypto Exchanges on Apple, Google Stores - Decrypt

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South Korea blocks 14 crypto exchanges on Apple Store — Report

The move came just weeks after Google Play blocked access on March 26 to 17 unregistered exchanges in the country. South Korea...

South Korean Police Bust Gambling Den Behind Crypto Mining Front

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South Korea Eyes Opening Crypto Market to Foreign Investors Amid AML Challenges

Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector. South Korea may open its cryptocurrency market to...

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